Pundi X, founded in 2017 by Zac Cheah and Pitt Huang, is a blockchain-based payment solution designed to simplify cryptocurrency transactions, making them as seamless as traditional retail payments.
With an ecosystem of tools like the XPOS point-of-sale device, XWallet mobile app and XPASS virtual card, Pundi X aims to bridge the gap between the digital and physical.
In this article, we’ll dive into the Pundi X ecosystem and learn how each product works, examine the PUNDIX token and share how to trade PUNDIX on Bybit.
Key Takeaways:
Pundi X facilitates seamless crypto transactions in retail settings through its XPOS device, XWallet app and XPASS virtual card.
The Pundi X Chain is a multichain blockchain optimized for fast, low-cost retail transactions, with the PUNDIX token used for gas fees, staking and in-store payments.
PUNDIX can be traded on Bybit through the PUNDIXUSDT Perpetual contract, with up to 25x leverage.
What is Pundi X?
Pundi X is a blockchain-based payment solution aimed at making cryptocurrency transactions as straightforward as traditional retail payments. Founded in 2017, it bridges the gap between digital assets and retail, enabling consumers to buy, sell and spend crypto in physical stores.
The project initially launched with the NPXS token in 2018, later rebranding to PUNDIX in 2021 via a 1000:1 token swap intended to reduce supply and strengthen its brand identity.
Founders and investors of Pundi X
Pundi X was co-founded in 2017 by Zac Cheah and Pitt Huang.
Zac Cheah: Former W3C Chair of the HTML5 Interest Group, with an M.Sc. in Computing from KTH Royal Institute of Technology (Sweden) and an M.Sc. in cybersecurity from NTNU (Norway).
Pitt Huang: A serial entrepreneur who began coding at age 10, selling his first tech startup to Baidu by the age of 25.
The project is backed by a mix of institutional investors and blockchain pioneers, supporting its mission to make crypto payments mainstream.
How the Pundi X ecosystem works
The Pundi X ecosystem is designed to make crypto transactions as seamless as traditional payments, bridging the gap between blockchain and retail.
Key components include:
XPOS: The core of the Pundi X ecosystem, XPOS is a blockchain-powered point-of-sale device that allows merchants to accept both fiat and cryptocurrency payments, including Bitcoin, Ether and PUNDIX. It supports a wide range of digital assets, and can integrate with traditional payment systems.
XWallet: A mobile app that serves as a digital asset hub, XWallet offers features such as crypto transfers, balance checks and transaction histories. It connects with XPOS devices for instant, in-store payments.
XPASS: A virtual card linked to the XWallet, XPASS offers a frictionless, card-like payment experience, enabling quick crypto transactions without the need for private key management.
What is the Pundi X Chain?
Pundi X Chain is a multichain blockchain network designed for high-speed, low-cost retail transactions. It’s optimized to support the Pundi X ecosystem, including XPOS, XWallet and XPASS, providing a scalable infrastructure for global merchants looking to integrate blockchain technology.
PUNDIX tokenomics and utility
PUNDIX is the native utility token of the Pundi X ecosystem. It supports transactions, rewards and network security. Initially launched as NPXS in 2018, it rebranded to PUNDIX in 2021 with a 1000:1 token swap.
Tokenomics
Max/total/circulating supply: 258,386,541 PUNDIX
Utility
Gas Fees: PUNDIX is used to pay transaction fees on the Pundi X Chain
Staking: Holders can stake PUNDIX to secure the network and earn PURSE tokens as rewards
Payments: PUNDIX facilitates in-store crypto transactions via XPOS and XPASS, making it a critical part of the Pundi X retail ecosystem
Where to buy PUNDIX
PUNDIX is available for trading on multiple leading exchanges, including Bybit, which recently listed the PUNDIX/USDT Perpetual contract with up to 25x leverage. This listing provides traders with enhanced flexibility for leveraged trading.
Learn more about the listing from Bybit’s announcement
Trade the PUNDIX Perpetual contract on Bybit
How to trade PUNDIX on Bybit
Trading PUNDIX on Bybit is straightforward. Simply use the following step-by-step guide:
Create or log in to your Bybit account: Visit Bybit and log in, or create a new account
Deposit funds: Transfer USDT to your trading account to use as margin
Find the PUNDIX/USDT trading pair: Navigate to the PUNDIX/USDT market
Place your trade: Choose between market, limit or conditional orders, and set your preferred leverage if trading Perpetual contracts
Manage your position: Track your trades and adjust as needed to manage risk.
